Latest news with #HBI
Zawya
a day ago
- Business
- Zawya
Oman a strategic choice for green iron: Meranti
MUSCAT - Singapore-headquartered low-carbon steel manufacturer Meranti Green Steel (MGS) is firming up plans to establish a Hot Briquetted Iron (HBI) facility at the Special Economic Zone (SEZ) in Duqm on Oman's southeast coast. Phase 1 of the project targets a production capacity of 2.5 million tonnes per year of HBI, around 60 per cent of which will be shipped as feedstock for Meranti's proposed green steel plant planned at Rayong in Thailand. The latter project, slated for commissioning in 2028, will produce 2.5 million tonnes per year of hot-rolled steel earmarked for industrial consumers of green steel across Southeast Asia. The remaining 40 per cent of HBI from the Oman project is proposed to be supplied to Meranti's offtake partners distributed around the globe. In a post on Monday, July 29, 2025, Meranti described the Oman project as a 'strategic pillar of its integrated value chain.' It also outlined several reasons for selecting Oman—and Duqm in particular—as the site for its HBI production facility. Chief among these factors, it stated, is access to competitive energy: 'Oman offers reliable, cost-competitive natural gas and a rapidly developing green hydrogen ecosystem. This makes it an ideal location for producing direct reduced iron (DRI) at scale.' Equally significant, Meranti noted, are Duqm's infrastructure and export readiness. 'The Duqm Special Economic Zone provides industrial land, deep-water port access, and efficient permitting frameworks. This supports fast-track development and efficient global distribution.' Additionally, Oman's location enables efficient supply to Meranti's steel plant in Thailand, as well as to European offtakers seeking low-emission hot briquetted iron (HBI). Shipping HBI from Oman improves logistics and lowers emissions compared to traditional supply routes, the company stressed. Earlier this month, Meranti revealed that it had received tentative commitments from the Omani government for the supply of natural gas for the HBI project in Duqm. 'With gas secured and green hydrogen partnerships advancing, Oman is now fully positioned to become a critical enabler of our mission to decarbonize iron and steelmaking,' the company stated in its most recent post. 'We are working closely with Omani authorities and our raw material partner, who are committed to sustainable industrial growth. Their support is foundational to our success,' the company added. A relatively recent entrant into the steel sector in Southeast Asia, Meranti aims to leverage the latest advancements in steelmaking and digital technologies to maintain a competitive edge. A key pillar of this strategy involves establishing geographically decoupled Hot Briquetted Iron (HBI) supply chains, sourcing from highly competitive regions such as Oman and Western Australia. This approach enables Meranti to site HBI plants in locations with strong access to competitively priced natural gas and emerging green or blue hydrogen, while situating steel production facilities closer to end-user markets. 2025 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Yahoo
a day ago
- Business
- Yahoo
Primerica Household Budget Index™ Data: Middle-Income Purchasing Power Held Steady in June
DULUTH, Ga., July 30, 2025--(BUSINESS WIRE)--The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life's everyday necessities, was 100.0% in June, a 0.1% decrease from a month ago and up 1.3% from a year ago. Purchasing power was relatively unchanged in June. The Consumer Price Index (CPI), which measures inflation for a comprehensive basket of goods for all U.S. households, came in at 2.7% in June, its highest reading since January. Adjusting the CPI to narrow the impact of inflation to focus specifically on middle-income households and necessity items as used in the HBI™ metric (food, utilities, gas, auto insurance, and health care) increases it to an estimated 3.1%. For more information on the Primerica Household Budget Index™ metric, visit About the Primerica Household Budget Index™ (HBI™) Data The Primerica Household Budget Index™ (HBI™) data is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE®. The index measures the purchasing power of middle-income families with household incomes from $30,000 to $130,000 and is developed using data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Census, and the Federal Reserve Bank of Kansas City. The index looks at the cost of necessities including food, gas, auto insurance, utilities, and health care and earned income to track differences in inflation and wage growth. Primerica's HBI™ metric was created to fill an information void around the economy's impact on middle-income families. Metrics like the Consumer Price Index (CPI) measure overall inflation but don't offer a clear picture of how it impacts middle-income Americans. Middle-income households play a key role in driving consumer spending and the overall economy as they account for over 55% of the U.S. population. The purchasing power of middle-income families are a key barometer of real-time economic trends. Understanding middle-income households' purchasing power is important because it shows whether they are gaining financial ground or falling behind. The HBI™ data uses January 2019 as its baseline, with the value set to 100% at that point in time. Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the U.S. Bureau of Labor Statistics (BLS). Beginning with the December 2024 release of the index, the expenditure weights have been updated to the most recent (Q1 2024) data and auto insurance has been added to the group of necessity items. For more information, visit About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.0 million client investment accounts on December 31, 2024. Primerica, through its insurance company subsidiaries, was the #3 issuer of Term Life insurance coverage in the United States and Canada in 2024. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol "PRI". For more information, visit View source version on Contacts Media Contact: Gana Ahn678-431-9266Email: Investor Contact: Nicole Russell470-564-6663Email:
Business Wire
a day ago
- Business
- Business Wire
Primerica Household Budget Index™ Data: Middle-Income Purchasing Power Held Steady in June
DULUTH, Ga.--(BUSINESS WIRE)--The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life's everyday necessities, was 100.0% in June, a 0.1% decrease from a month ago and up 1.3% from a year ago. Purchasing power was relatively unchanged in June. The Consumer Price Index (CPI), which measures inflation for a comprehensive basket of goods for all U.S. households, came in at 2.7% in June, its highest reading since January. Adjusting the CPI to narrow the impact of inflation to focus specifically on middle-income households and necessity items as used in the HBI™ metric (food, utilities, gas, auto insurance, and health care) increases it to an estimated 3.1%. For more information on the Primerica Household Budget Index™ metric, visit About the Primerica Household Budget Index™ (HBI™) Data The Primerica Household Budget Index™ (HBI™) data is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE ®. The index measures the purchasing power of middle-income families with household incomes from $30,000 to $130,000 and is developed using data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Census, and the Federal Reserve Bank of Kansas City. The index looks at the cost of necessities including food, gas, auto insurance, utilities, and health care and earned income to track differences in inflation and wage growth. Primerica's HBI™ metric was created to fill an information void around the economy's impact on middle-income families. Metrics like the Consumer Price Index (CPI) measure overall inflation but don't offer a clear picture of how it impacts middle-income Americans. Middle-income households play a key role in driving consumer spending and the overall economy as they account for over 55% of the U.S. population. The purchasing power of middle-income families are a key barometer of real-time economic trends. Understanding middle-income households' purchasing power is important because it shows whether they are gaining financial ground or falling behind. The HBI™ data uses January 2019 as its baseline, with the value set to 100% at that point in time. Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the U.S. Bureau of Labor Statistics (BLS). Beginning with the December 2024 release of the index, the expenditure weights have been updated to the most recent (Q1 2024) data and auto insurance has been added to the group of necessity items. For more information, visit About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.0 million client investment accounts on December 31, 2024. Primerica, through its insurance company subsidiaries, was the #3 issuer of Term Life insurance coverage in the United States and Canada in 2024. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol 'PRI'. For more information, visit
Observer
2 days ago
- Business
- Observer
Oman a strategic choice for green iron: Meranti
MUSCAT, JULY 29 Singapore-headquartered low-carbon steel manufacturer Meranti Green Steel (MGS) is firming up plans to establish a Hot Briquetted Iron (HBI) facility at the Special Economic Zone (SEZ) in Duqm on Oman's southeast coast. Phase 1 of the project targets a production capacity of 2.5 million tonnes per year of HBI, around 60 per cent of which will be shipped as feedstock for Meranti's proposed green steel plant planned at Rayong in Thailand. The latter project, slated for commissioning in 2028, will produce 2.5 million tonnes per year of hot-rolled steel earmarked for industrial consumers of green steel across Southeast Asia. The remaining 40 per cent of HBI from the Oman project is proposed to be supplied to Meranti's offtake partners distributed around the globe. In a post on Monday, July 29, 2025, Meranti described the Oman project as a 'strategic pillar of its integrated value chain.' It also outlined several reasons for selecting Oman—and Duqm in particular—as the site for its HBI production facility. Chief among these factors, it stated, is access to competitive energy: 'Oman offers reliable, cost-competitive natural gas and a rapidly developing green hydrogen ecosystem. This makes it an ideal location for producing direct reduced iron (DRI) at scale.' Equally significant, Meranti noted, are Duqm's infrastructure and export readiness. 'The Duqm Special Economic Zone provides industrial land, deep-water port access, and efficient permitting frameworks. This supports fast-track development and efficient global distribution.' Additionally, Oman's location enables efficient supply to Meranti's steel plant in Thailand, as well as to European offtakers seeking low-emission hot briquetted iron (HBI). Shipping HBI from Oman improves logistics and lowers emissions compared to traditional supply routes, the company stressed. Earlier this month, Meranti revealed that it had received tentative commitments from the Omani government for the supply of natural gas for the HBI project in Duqm. 'With gas secured and green hydrogen partnerships advancing, Oman is now fully positioned to become a critical enabler of our mission to decarbonize iron and steelmaking,' the company stated in its most recent post. 'We are working closely with Omani authorities and our raw material partner, who are committed to sustainable industrial growth. Their support is foundational to our success,' the company added. A relatively recent entrant into the steel sector in Southeast Asia, Meranti aims to leverage the latest advancements in steelmaking and digital technologies to maintain a competitive edge. A key pillar of this strategy involves establishing geographically decoupled Hot Briquetted Iron (HBI) supply chains, sourcing from highly competitive regions such as Oman and Western Australia. This approach enables Meranti to site HBI plants in locations with strong access to competitively priced natural gas and emerging green or blue hydrogen, while situating steel production facilities closer to end-user markets.
National Post
24-07-2025
- Business
- National Post
HanesBrands Provides Details for Second-Quarter 2025 Earnings Announcement and Investor Conference Call
Article content WINSTON-SALEM, N.C. — HanesBrands Inc. (NYSE: HBI) today provided details for its second-quarter 2025 investor conference call at 8:30 a.m. ET Thursday, August 7, 2025. Article content Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended June 28, 2025. Article content Conference Call Details Article content To participate via telephone, please register in advance by clicking here or using this link: After registering, all telephone participants will receive a confirmation email with instructions to join the conference call, including the dial-in number, a unique passcode, and a registrant ID for access. While not mandatory, joining 10 minutes before the event is recommended for a seamless experience. Article content The conference call webcast, featuring prepared remarks followed by a Q&A session, will be available in the Investors section of the HanesBrands corporate website at The call is expected to conclude by 9:30 a.m. ET. Article content A replay of the conference call will be available online. The archived webcast can be accessed after the call in the Investors section of the HanesBrands corporate website or directly via this link: About HanesBrands HanesBrands (NYSE: HBI), the No. 1 seller of innerwear, is a socially responsible global leader in everyday iconic apparel with a mission to create a more comfortable world for every body. The company owns a portfolio of some of the world's most recognized apparel brands including Hanes, the leading basic apparel brand in the U.S.; Bonds, an Australian staple since 1915 that is setting new standards for design and innovation; Maidenform, America's number one shapewear brand; and Bali, America's number one national bra brand. HanesBrands owns the majority of its worldwide manufacturing facilities and has built a strong reputation for workplace quality, ethical business practices, and reducing environmental impact. Article content Article content Article content Article content Contacts Article content News Media Contact: Article content Jonathan Binder, Article content Article content Article content
